What price grinnell lake gift shop charge for carved bear

Assignment Help Cost Accounting
Reference no: EM13938107

CALCULATING PRICE USING A MARKUP PERCENTAGE OF COST

Grinnell Lake Gift Shop has decided to price the candles that it sells at cost plus 80 per- cent. One type of carved bear-shaped candle costs $12, and huckleberry-scented votive candles cost $1.10 each.

Required:

1. What price will Grinnell Lake Gift Shop charge for the carved bear candle?

2. What price will Grinnell Lake Gift Shop charge for each scented votive candle?

Reference no: EM13938107

Questions Cloud

Computing the firms weighted average cost of capital : In August of 2009 the capital of the Emerson Electric Corporation (EMR) (measured in book and market values) appeared as follows: What weights should Emerson use when computing the firm’s weighted average cost of capital?
Image of an unnamed macaque : Using the lecture, weekly readings and keywords from Weeks 7 and 9, discuss the following quotation from the textbook in relation to this YouTube video titled "Emma Watson at the HeForShe Campaign 2014 - Official UN Video". You will need to watch ..
Calculate the fixed costs per month and the variable cost : Calculate the fixed costs per month and the variable cost per occupied room using the high low method.
Convertible bond-calculate your gain or loss : You own a convertible bond that has a 6% yield, 4.5% coupon rate, pays semiannually, and has 3 years to maturity. The conversion rate is 8. The current stock price is 127.3. Calculate your gain or loss if you decide to convert.
What price grinnell lake gift shop charge for carved bear : What price will Grinnell Lake Gift Shop charge for the carved bear candle? What price will Grinnell Lake Gift Shop charge for each scented votive candle?
Strategy and policy commission in our country : For the purposes of this TMA you should imagine that you are the director for strategy and policy commission in your country (Bahrain, Jordan, Lebanon, Oman, Saudi Arabia, Egypt or Sudan)
What are the values of queuefront and queuerear : What are the value of queueFront and queueRear after removing an element from the queue? Also what was the position of the removal queue element?
The types of interactive documentary : social media how it has been used in interactive documentary - give examples of other i-docs.How can social media be used to create an interactive documentary?
Why is no glucose produced if a plant is kept in the dark : Why is no glucose produced if a plant is kept in the dark, even though the sugar producing reactions are called light-independent reactions?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute production cost per unit under variable costing

Determine the cost of ending inventory using absorption costing.

  What is the net cost of the microwave to the dealer

A household appliance dealer buys microwave ovens from a manufacturer and resells them to its customers. What is the net cost of the microwave to the dealer, assuming it is paid for within 10 days of purchase?

  What is the amount of sales in dollars

What is the break-even point in units, what is the amount of sales in dollars needed to obtain a before-tax profit of $40,000?

  Evaluate wcr expense ratios

ABC Company sells widgets in three varieties (red, yellow and blue) but has lost money for the past three years.

  Alternative methods of joint-cost allocation product-mix

alternative methods of joint-cost allocation product-mix decisions. the southern oil company buys crude vegetable oil.

  Determine the sales volume in dollars

Determine the sales volume in dollars that Relax Company must achieve to earn a $45,000 after-tax (20% rate) income from the sales of each reclining chair.

  Prepare a bank reconciliation

Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivable, the adjusting entry on December 31 had been based on an estimated expense of ¼ of 1% of the net sales of $7,126,000 for the year, determine the ..

  Prepare a corrected balance sheet for the keyser soze

Prepare journal entries for each of the following transactions. Prepare a corrected Balance Sheet for the Keyser Soze Corporation following Generally Accepted Accounting Principles, and in proper accounting three-column format.

  What estimated intercept and estimated slope are telling us

Write down your estimated model and briefly explain what the estimated intercept and estimated slope are telling us about the relationship between the Total Costs and Sales for Rejoice chocolates.

  Calculate the profitability ratios

Calculate the profitability ratios that can be computed from the above information. Use the direct method to prepare the cash flows from operating activities section of a statement of cash flows.

  What is probability of producing a unit with zero defects

Because of the high price associated with these TV sets, the company defines a product defect as any unit with one or more defective components. On average, what is the probability of producing a unit with zero defects?

  Distinguish between direct and indirect costs

Distinguish between direct and indirect costs and discuss the factors which should influence whether a particular cost is treated as direct or indirect in relation to a cost object.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd